Kuwait’s balance of payments records $2.62bln surplus

Close-up of Kuwaiti bank notes (toned). Image used for illustrative purpose.
Getty ImagesThe current account surplus soared by 11.9% last year to reach KWD 6.7 billion when compared to KWD 6 billion a year earlier, according to the Central Bank of Kuwait (CBK).
Meanwhile, the trade account surplus registered a KWD 714.5 million surge, with net cash outflows worth KWD 7.4 billion in 2019, compared to KWD 6.6 billion in 2018.
Overall BoP showed a surplus of KWD 3.7 billion by 2019 year-end, compared to KWD 7.8 billion in 2018, the CBK added.
All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).